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Keeping rates too low risks causing future recession: Loretta Mester, Fed President

Keeping rates too low risks causing future recession: Loretta Mester, Fed President

The U.S. Federal Reserve should take another step in removing monetary policy accommodation because not doing so risks overheating the economy which in turn could cause a recession, Cleveland Fed President Loretta Mester said on Wednesday.

Centre unveils new Bill to set up a special resolution regime for financial firms
Centre unveils new Bill to set up a special resolution regime for financial firms

Close on the heels of the enactment of the Insolvency and Bankruptcy Code earlier this year for non-financial firms, the government on Wednesday unveiled a Bill to establish a special resolution regime for financial firms.

Horoscope: By Peter Vidal

Today ( 29 Sep )This Week ( 25 Sep - 01 Oct )

SAGITTARIUS If you've got things to talk about, don't spend too much time going over old ground. You must be practical, on the other hand, and this means that you should pay due deference to the way certain… read more